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What is the current situation of Hengtong Juice Group?
As of July 24, 2023, the current situation of the Company is as follows:

1. Financial business: Hengtong Securities, a subsidiary of Hengtong Group, is undergoing restructuring, and plans to introduce HNA Tourism, HNA International and HNA Investment as major shareholders to strengthen its financial business.

2. Real estate business: Hengtong Group is one of the large real estate developers in China, and its projects include Shanghai Jintongfu, Hengtong Tianjiao and Jiangsu Changshu Hengtong Plaza. In recent years, affected by the government's regulatory policies, the growth of Hengtong real estate business has slowed down.

3. Energy business: Hengtong Petroleum, a subsidiary of Hengtong Group, is mainly engaged in oil exploration, exploitation and processing, but its performance has declined in recent years due to the decline in international oil prices.

4. Logistics business: Hengtong Logistics, a logistics company under Hengtong Group, has a high market share in the domestic market and its business has grown steadily.